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of <h1>SEBI Updates Currency Derivatives Limits: Domestic Clients & FPIs Can Hold Positions Up to USD 100M Without Exposure Proof.</h1> The Securities and Exchange Board of India (SEBI) has revised the limits for currency derivatives contracts involving INR, allowing domestic clients and Foreign Portfolio Investors (FPIs) to hold positions up to USD 100 million without proving underlying exposure. FPIs must ensure their short positions do not exceed this limit. If breached, exchanges will restrict further short positions until compliance is achieved. Long positions exceeding USD 100 million require underlying exposure in Indian securities. Compliance with these limits will be monitored by exchanges and breaches reported to the RBI. This circular supersedes previous SEBI guidelines from April 2015.
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